We have learned via the Ogle Mole Network that the Oklahoma owned and operated grocery chains of Uptown Market, Buy For Less, Super Mercado Buy For Less, and SmartSaver are allegedly being sold by owners Hank and Susan Binkowski.
According to our Ogle Mole, store directors were informed of the news yesterday via a meeting at the company’s corporate office near N. May and Memorial.
They claim that both Uptown Market locations, along with the fancy Buy For Less at Portland & NW Expressway, are being acquired by Pruett’s – an expanding small-town grocery chain based in southeastern Oklahoma. The Super Mercado Buy For Less locations are apparently being acquired by a different buyer, while the fate and future of all other Buy For Less and SmartSaver locations are still up in the air, possibly to be packaged together in a different deal.
We’re not sure if the news has been officially announced to all company employees, but I doubt they’d be too surprised. For example…
According to our Mole, the company recently brought in some highly visible outside consultants to help cut costs, improve operations, and all that other fun stuff that corporations do before being sold. And just a few weeks ago, they had some mysterious people come and tour the Uptown Market on N. May for what employees were told was an “insurance walkthrough.”
In addition to that, several Buy For Less / SmartSaver locations have closed up shop in recent years, and existing locations have reduced their guest services. Plus, the Binkowski’s reputation has taken a hit after their failed, somewhat questionable attempt to put a grocery store in the food desert on OKC’s northeast side.
We tried contacting Uptown Market, Buy For Less, etc. to get a comment on the report, but nobody is answering the phones at their corporate office. If they respond, we’ll let you know. If you have any tips or information, hit us up via text or email.
Stay with The Lost Ogle. We’ll keep you advised.
— thelostogle (@TheLostOgle) December 16, 2020
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